Trade finance

661 articles tagged with this keyword

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Traydstream appoints Stephan Hufnagl as chief technology officer

Traydstream, a leading provider of innovative trade finance solutions, is delighted to announce the appointment of Stephan Hufnagl as its new Chief Technology Officer (CTO).

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“Ubiquitech” The five key pillars for digital transformation

In this episode of Unplugged, Ruth Wandhofer, Chair of the Ubiquitech Group, discusses the UK’s transition from Fintech to “Ubiquitech”, the era of ubiquitous technology, and the road map to ensuring a sustainable, inclusive, and accessible digital economy. We review strategic recommendations for cyber security, digital systems in trade, and the digital skills education needed to support the UK’s digital economy.

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Bitcoin halving may lead to price drop

On April 20th the bitcoin halving will take place, which is set in the cryptocurrency’s technology to cut the rate at which bitcoin is created. The event happens every leap year and is eagerly anticipated by crypto enthusiasts.

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Wells Fargo chooses TradeSun to digitise trade finance

TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade finance and compliance digitization solution from TradeSun, using Artificial Intelligence (AI) and other advanced technologies to streamline the complex and manual processes employed globally within the banking industry.

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Surecomp partners Cleareye.ai on AI-powered trade finance automation

Surecomp today announced a strategic partnership with Cleareye.ai Inc., a leading provider of digital trade finance solutions providing automation of trade compliance and operations.

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Finastra works with TradeSun on sustainable supply chain finance

Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation.

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Lloyds completes first electronic Bill of Landing transaction

Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation.

/startups

Sweden's Scayl raises €100m to address fintech lending gap

Swedish startup Scayl, a debt financing platform based in Stockholm, has raised €100M to address a lending gap in the fintech sector.

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Finboot appoints Mark Redwood to advisory board

Finboot is announcing today it has appointed Mark Redwood a financial and professional services specialist and former Chairman of Karnov Group, and Thomson Reuters President, to its Advisory Board.

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Vayana TradeXChange and Arqit collaborate on trade finance

Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), and Vayana TradeXchange have announced a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains.

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Marco Financial raises $12 million Series A

Marco, the trade finance platform catering to the needs of SME exporters in Latin America, has announced the successful closure of a $12 million Series A funding round. The round was led by IDC Ventures, with additional participation from IDB Lab (the innovation and venture laboratory of the Inter-American Development Bank Group), Barn Invest, SquareOne Capital, Arcadia Funds, Florida Funders, Miami Angels, Kayyak Ventures, and Neer Ventures, among others.

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SC Ventures launches supply chain financing marketplace for Ghanaian MSMEs

Standard Chartered's innovation and investment arm SC Ventures is launching a B2B online marketplace offering small firms in Ghana access to financing options.

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Lloyds forms trade digitalisation partnership with WaveBL

Lloyds has become the first UK bank to join the WaveBL electronic trade documentation platform, meaning its clients can transfer blockchain-based Bills of Lading across a network of members in 136 countries.

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Xalts to acquire Contour Network to build 'Plaid for Trade'

Accel and Citi Ventures-backed fintech Xalts has acquired Contour Network from a consortium of global banks, with the aim of to building a 'Plaid for Trade' supply chain network.

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Finastra and Tesselate debut pre-packaged trade finance platform

Finastra, a global provider of financial software applications and marketplaces, and Tesselate, a global digital transformation consultancy and integrator, today announced the launch of an end-to-end pre-packaged service for faster and easier trade finance digitalization.

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Deutsche Bank executes XTransfer’s first onshore Thai Baht trade in Thailand

XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is thrilled to announce a major milestone in its partnership with Deutsche Bank.

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Commerzbank selects Surecomp to future-proof trade finance business

Surecomp today announced that Commerzbank AG, the leading trade finance bank in Germany, has chosen to deploy its DOKA-NG solution for back-office trade finance processing across multiple entities.

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Future Fintech CEO Shanchun Huang charged with fraud by SEC

The Securities and Exchange Commission (SEC) has charged Future Fintech CEO Shanchun Huang with fraud for failing to share his ownership and transactions of Future Fintech stock shortly before he was appointed as CEO.

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Transforming interoperability within trade finance

Iain MacLennan, Head of Trade & Supply Chain Finance at Finastra, and Peter Hazou, Director of Business Development at Microsoft, discuss the rapidly evolving global trade finance system. They cover the shift from static data to insight-driven systems, the use of technologies like blockchain and AI for compliance and scalability, and the importance of an agile, interoperable trade finance stack.

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France-based Tesselate and India's Impactsure forge corporate banking partnership

France-based Tesselate and India’s Impactsure have announced a pivotal strategic partnership set to reshape the landscape of data-driven decision-making in Corporate Banking, Trade and Supply Chain Finance.